Blueshift Asset Management LLC Acquires Shares of 3,650 Toll Brothers, Inc. (NYSE:TOL)

Blueshift Asset Management LLC acquired a new stake in Toll Brothers, Inc. (NYSE:TOL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,650 shares of the construction company’s stock, valued at approximately $460,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in Toll Brothers in the 3rd quarter valued at about $27,000. Larson Financial Group LLC increased its position in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after acquiring an additional 66 shares in the last quarter. ORG Partners LLC acquired a new stake in Toll Brothers in the 4th quarter valued at about $25,000. Promus Capital LLC acquired a new stake in Toll Brothers in the 4th quarter valued at about $29,000. Finally, IAG Wealth Partners LLC increased its position in Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock valued at $33,000 after acquiring an additional 238 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of TOL opened at $107.13 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers, Inc. has a twelve month low of $102.49 and a twelve month high of $169.52. The firm’s 50 day moving average price is $121.56 and its two-hundred day moving average price is $137.79. The firm has a market cap of $10.70 billion, a P/E ratio of 7.37, a PEG ratio of 1.02 and a beta of 1.77.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. On average, analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s payout ratio is presently 6.88%.

Analysts Set New Price Targets

Several research firms have weighed in on TOL. UBS Group lowered their price objective on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Wedbush reiterated an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research report on Friday, February 14th. The Goldman Sachs Group lowered their price target on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Evercore ISI lifted their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus target price of $147.57.

Insider Buying and Selling at Toll Brothers

In other news, Director Christine Garvey sold 204 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the sale, the director now owns 7,728 shares of the company’s stock, valued at $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the sale, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,785 shares of company stock valued at $1,479,185. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.